Some crazy figures in this capitalist world that show the inequality created by this insane, unjust, exploitative system. Despite the screams of disaster and crisis in 2008, and not forgetting the Eurozone problems, according to a recent report from Credit Suisse, global wealth has more than doubled since 2000, reaching over £150 trillion, During this period have you personally felt the benefits of this remarkable growth? On the contrary, for you and I, this period has been one long spell of “austerity”, falling incomes, shrinking social services and deteriorating living standards.
Crisis or no crisis, we still create wealth at an enormous rate, where is it going? Well, there are approximately 5 billion adults in the world today, but just 8.4% of whom own 83.4% of all household wealth. At the other end, approximately two-thirds of adults in the world have less than $10,000 of net wealth, while approximately 3.2 billion adults have nil, nothing.
So at one end we have billions of people with no wealth what so ever, nothing. While we have 32 million people who own $98 trillion of the world's wealth, that's 41% of the total. At the top of this heap of parasites, wallowing in unbelievable unearned wealth, we have just over 98,000 individuals who have more than $50 million each, with almost 34,000 of those owning more than $100 million each. It works out that 1% of the population own 41% of the world's wealth, 10% own 86%, and the bottom half, the you and me's, own just 1%.
It doesn't take a mathematical expert to work out that we have enough material wealth to see to the needs of all our people, but this man made, crazy, greedy driven system, is not built to do that, it is doing what it was meant to do, make rich people richer, and to hell with the rest of you. However, never forget that the parasites are getting fat on our poverty and sweat, every penny of that wealth was created by the you and me's of this world, it is ours, we just have to take it all back, but when?